- 1 We help you find the right agent
- 2 House for sale in a different UK region
- 3 What are the people like in Gidea Park?
- 4 In general, what do houses for sale sell for in Gidea Park?
- 5 Who can help you buy a house for sale in Gidea Park?
- 6 What is the asking price on average of houses for sale in Gidea Park?
- 7 A house for sale that is right for you
- 8 How are rental yields of the houses for sale different to the rest of the UK in Gidea Park?
- 9 F.A.Q.
As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Gidea Park. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Gidea Park to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Gidea Park will be revealed. Keep reading.
House for sale in a different UK region
You can consult our list below that goes over a list of cities not necessarily in Greater London, allowing you to find similar places to Gidea Park:
- merriott in Greater London
- ancroft in Greater London
- bridgemary in Greater London
- aspley-guise in Greater London
- berrow in Greater London
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
What are the people like in Gidea Park?
In the city of Gidea Park, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of London for example.
These demographics for Gidea Park may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Gidea Park in Greater London.
What’s the crime rate in Gidea Park?
Within Gidea Park, the number of people committing crimes is 7900% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 7900% figure carefully.
How deprived is the population of Gidea Park?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Gidea Park, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What is the social grade score of Gidea Park?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Gidea Park compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Gidea Park, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 27%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|Social Score||Category||The proportion of the UK population (%)|
|A||Professional, managerial or administrative||4|
|B||Intermediate managerial or professional jobs||23|
|C1||Supervisory, junior managerial or professional jobs||29|
|C2||Skilled manual workers||21|
|D||Semi and unskilled manual workers||15|
|E||State pensioners, casual & lowest grade workers||8|
Is there sufficient green space in Gidea Park?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Gidea Park currently has 13 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Gidea Park in this case.
How much are those living in Gidea Park earning?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £52,400.00.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Gidea Park this figure is 27%.
In Gidea Park, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Gidea Park is 27%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Gidea Park is £52,400.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What is the population of Gidea Park?
The city of Gidea Park has a total population of 13240. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Gidea Park is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Gidea Park
Over time, in the last five years, the population of the city of Gidea Park has changed by 5%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 5% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Gidea Park?
In the last 10 years, there has been a shift in the population of 10%.
Comparing this to the 5 year figure of Gidea Park can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
In general, what do houses for sale sell for in Gidea Park?
In Gidea Park, the average sale price of a house for sale is in fact £470,758. This is dependent on the 10 year population growth of Gidea Park being 10%. Growing populations are more likely to inflate the prices of houses for sale in the city of Gidea Park.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£785,474|
|Aerage sold price (semi-detached)||£532,803|
|Aerage sold price (terraced)||£461,111|
|Aerage sold price (flat)||£278,773|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Gidea Park.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,650|
|Aerage sold price/sqft (new build)||£4,870|
|Aerage sold price/sqft (old stock)||£4,570|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £4,650. This means if you are just looking out the houses sold in Gidea Park in general and didn’t take into consideration the type of build. For example, a new build.
Who can help you buy a house for sale in Gidea Park?
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
What is the asking price on average of houses for sale in Gidea Park?
Average prices for the houses for sale in Gidea Park
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£323,182|
|Average asking price (3 bed)||£558,500|
|Average asking price (4 bed)||£796,944|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Gidea Park is £0. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Gidea Park, £541,875 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Gidea Park would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Gidea Park.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
How are rental yields of the houses for sale different to the rest of the UK in Gidea Park?
What is the growth in the housing market of Gidea Park?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Gidea Park that shows the growth in recent years.
|1 year||3 years||5 years|
|Gidea Park growth rate||5%||20%||24%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Gidea Park is important.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Gidea Park, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as London, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Gidea Park||£0||£1,503||no relevant data for this city||£0|
Assuming that in the future you want to re-sell the house you will eventually purchased in Gidea Park you might be interested in the number of sales per month (11) that happen in the local housing market. Comparing this figure for Gidea Park with the above table gives you a good understanding of the profitability of the area.
Do properties in Gidea Park offer renovation potential?
If planning permissions are abundant in the vicinity of Gidea Park, it may look promising for landlords looking to renovate. With 12 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 13240. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
What is the monthly count of property transactions in Gidea Park?
11 property transactions are reported in Gidea Park each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
In a city like Gidea Park, what’s the yearly fluctuation in population?
To work out how the population of Gidea Park has changed over time, you can look at the population change over a decade which is 10% and the change in a five year period two which falls at 5%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
How much are houses for sale priced at in the extended region of Gidea Park?
The average asking price of a house in Gidea Park is currently £0 based on the average price per square foot.
Does opting for a house for sale in Gidea Park come with a hefty price tag?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Gidea Park, this value is £470,758, compared to the UK’s average of £286,500.